Founded in 1948, the National Association for Stock Car Auto Racing (NASCAR) is among the biggest motorsports in the world. It is actually among the three races in the coveted Triple Crown of Motorsport. In this article, find out which are the most valuable NASCAR teams in 2020 according to American business magazine, Forbes.
1. Hendrick Motorsports ($350 million)
Formerly All-Star Racing, Hendrick Motorsports (HMS) is the richest team in the NASCAR Cup Series. Owned by Rick Hendrick, Linda Hendrick, and Jeff Gordon, the team is estimated to be worth around $350 million and realised a $13.5 million in profits. Established in 1984, HMS has 12 Cup Series drivers and owners championships, 3 Truck Series drivers and owners titles, 1 Nationwide Series drivers title, 26 Nationwide Series victories, 256 NASCAR Cup Series wins, and 26 Camping World Truck Series wins.
2. Roush Fenway Racing ($185 million)
The second most valuable NASCAR team is Roush Fenway Racing, valued at $185 million, after a 17% decline. Owned by Jack Roush, John W. Henry, and Fenway Sports Group, Roush Racing made $6.8 million in profits. The fall is attributed to the dip in performance, but in the 2000s and early 2010s, it was a dominant force in the NASCAR Cup Series.
3. Joe Gibbs Racing ($155 million)
At number 3 in this list of the most valuable NASCAR teams is Joe Gibbs Racing, owned by Joe Gibbs and Coy Gibbs, a former Washington Redskins coach. The team has a $155 million valuation which represents a 2% change, and raked in $8 million in profits.
The above are the richest teams in NASCAR. Some other worthy mentions include Richard Childress Racing valued at $147 million which is a 7% drop. It is followed by Stewart-Haas Racing whose value increased by 14% to $108 million.